Daniel F. Weir - Dec 27, 2023 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Director
Signature
/s/ Timothy W. Mulhern, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
Dec 27, 2023
Transactions value $
-$228,168
Form type
4
Date filed
12/28/2023, 12:05 PM
Previous filing
Dec 27, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Sale -$228K -15K -17.69% $15.21 69.8K Dec 27, 2023 Direct
holding TFSL Common Stock 19.7K Dec 27, 2023 Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TFSL Restricted Stock Units 40K Dec 27, 2023 Common Stock 40K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted stock units are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock.
F2 On December 15, 2022, the reporting person received a grant of 50,000 Restricted Stock Units (RSUs). These RSUs will vest one-fifth (20%) per year beginning December 10, 2023.